Facing a large debt payment, Sears Holdings is reportedly working with boutique consulting firm M-III Partners to prepare a bankruptcy filing. Sources familiar with the matter told The Wall Street Journal that M-III Partners staff have been at the company’s headquarters. However, the sources told WSJ that the...
Retailers are cutting back on their brick-and-mortar footprints as consumers opt to shop online and away from malls, and Sears has been hit particularly hard. Earlier this year, Sears made the decision to close 72 stores, and this week, the department store announced that it...
Last month, investor and CEO of Sears Holdings Corp., Eddie Lampert, said his hedge fund ESL Investments was interested in bidding on some of the retailer’s units. Sears has since announced the creation of a committee to look into the sale of its Kenmore brand, along...
Sears Holdings Corp. has been struggling to find a buyer for its Kenmore appliance brand and other business lines, but according to news from The Wall Street Journal, Chief Executive Edward Lampert’s hedge fund is interested in buying multiple units from the embattled retailer. ESL Investments...
July 21, 2017
Contactless payments look strong — if you live in the U.K. — and going cashless is increasingly king in China. Meanwhile, consumer debt may have seen another canary drop in its coal mine this week, and Blue Apron might be Amazon’s latest casualty. And speaking of Amazon … Sears landed sizzle-of-the-week status with its Amazon/Alexa/Kenmore partnership. We’ve got all the sizzling and fizzling details. Sizzle […]
October 15, 2018
Sears Holdings made it official, filing for Chapter 11 bankruptcy Monday (October 15), gearing up to close 142 stores after decades of declining revenue and hundreds of store closures. According to a report in Reuters citing the Chapter 11 filing, Sears listed $6.9 billion in assets and $11.3 billion in liabilities. The bankruptcy filing is the […]
October 10, 2018
Facing a large debt payment, Sears Holdings is reportedly working with boutique consulting firm M-III Partners to prepare a bankruptcy filing. Sources familiar with the matter told The Wall Street Journal that M-III...
May 15, 2018
Last month, investor and CEO of Sears Holdings Corp., Eddie Lampert, said his hedge fund ESL Investments was interested in bidding on some of the retailer’s units. Sears has since announced...
April 23, 2018
Sears Holdings Corp. has been struggling to find a buyer for its Kenmore appliance brand and other business lines, but according to news from The Wall Street Journal, Chief Executive Edward...
